First Trust Advisors LP Increases Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

First Trust Advisors LP lifted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 73.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,024,574 shares of the company’s stock after buying an additional 433,166 shares during the quarter. First Trust Advisors LP owned about 1.25% of Atmus Filtration Technologies worth $37,315,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ATMU. Bessemer Group Inc. grew its position in shares of Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after buying an additional 272 shares during the last quarter. Creative Planning grew its holdings in shares of Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after purchasing an additional 312 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Atmus Filtration Technologies by 3.3% during the second quarter. Verdence Capital Advisors LLC now owns 13,393 shares of the company’s stock worth $488,000 after purchasing an additional 431 shares in the last quarter. Finally, SouthState Corp purchased a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $50.43 on Wednesday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 21.01, a P/E/G ratio of 3.34 and a beta of 1.58. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $53.56. The company’s fifty day moving average is $47.07 and its two-hundred day moving average is $42.67.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The business had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.055 per share. The ex-dividend date is Tuesday, November 25th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is presently 9.17%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. JPMorgan Chase & Co. upgraded shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $60.00 in a research note on Wednesday, November 26th. Finally, Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.